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Real Estate Frequently Asked Questions

 

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Please click a question below to find out the answer:
Questions
1) What are the requirements to become an Arizona Real Estate Agent?
2) What does a Real Estate Agent do?
3) How long is the real estate salespersons course?
4) Is there a test?
5) How does a real estate license become active?
6) What is required to maintain a license?
7) What is the fee to apply for a license?
8) What is the difference between a licensed Real Estate Broker and Agent?
9) What are the requirements to become a broker?
10) What other courses could I take that would assist me with my real estate career?
   
Answers
   
1) What are the requirements to become a Arizona Real Estate Agent?
To become a Arizona Real Estate Agent you must:
- Be at least 18 years of age.
- Be a US Citizen or lawful permanent resident.
- Have high school diploma or GED.
- Show proof of residency in any state in the US.
- Not have been convicted of a felony or crime involving moral turpitude.
- Not have had a real estate application of license rejected or revoked in any state within the past 2 yrs.
- Complete and pass the state approved 90 hour Sales Associate Pre-License course.
- Pass the state exam.
- Submit application with appropriate fees.
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2) What does a Real Estate Agent do?
  A Real Estate agent is a person licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission. Unless they are also brokers, agents must work in association with a real estate broker or brokerage company.
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3) How long is the real estate salespersons course?
 

The course is a total of 90 hours, which is the minimum mandated by the state.

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4) Is there a test?
 

Yes. This course requires a school exam with a passing grade of 70% or better. After passing the test you will be eligible to set an appointment to take the State exam to become licensed. The state exam must be passed with a grade of at least a 75%. The fee for the state exam is $90.00.

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5) How does a real estate license become active?
 

In order to have an active real estate license you must be affiliated with a broker.

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6) What is required to maintain a license?
  The AZ Department of Real Estate requires every new real estate licensee to complete 24 hours of CE every two year renewal period. Of these hours 3 hours must be completed in 6 specific categories, the remaining 6 may be done in any general elective course.
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7) What is the fee to apply for a license?
 

The initial fee to apply for a real estate license is $119.00 for active and $99.00 for inactive.

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8) What is the difference between a licensed Real Estate Broker and Agent?
 

Most states require real estate sales professionals to be licensed by the state, so that they can control education and experience requirements and have a central authority to resolve consumer problems. The terminology used to identify real estate professionals varies a little from state to state. Brokers are generally required to have more education and experience than real estate salespersons or agents.

The person you normally deal with is a real estate agent or salesperson. The salesperson is licensed by the state, but must work for a broker. All listings are placed in the broker's name, not the salesperson’s name. A broker can deal directly with home buyers and sellers, or can have a staff of salespersons or agents working for him or her.

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9) What are the requirements to become a broker?
 

To become a broker in thet state of Arizona you must:

- Be at least 18 years of age.
- Be a US Citizen or lawful permanent resident.
- Have high school diploma or GED.
- Show proof of residency in any state in the US.
- Not have been convicted of a felony or crime involving moral turpitude.
- Not have had a real estate application of license rejected or revoked in any state within the past 2 yrs.
- Complete and pass the state approved 90 hour Sales Associate Pre-License course.
- Pass the state exam.
- Submit application with appropriate fees.
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10) What other courses could I take that would assist me with my real estate career?
  AREA’s Home Inspection and Appraisal courses will help you expand your knowledge and help you better serve your clients when you are out on the field.  We offer both of these courses in online format are always happy to welcome back past students.
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Please click a question below to find out the answer:
Questions
1) What is an Appraiser?
2) What are the requirements to become a Registered Trainee Appraiser?
3) Is there a test?
4) What is a State Registered Trainee Appraiser?
5) What is required to maintain a license?
6) Do continuing education classes need to be done in a classroom?
7) Is a final exam necessary for continuing education?
8) What is the fee to apply for a license?
9) Can I be a Real Estate Agent, Appraiser and Home Inspector?
 
   
1) What is an Appraiser?
  An appraiser is the person who decides the market value of a home based on its condition and the selling prices of comparable homes recently sold in the area. The appraiser computes a fair estimate of market value to help the lender decide a reasonable loan amount.
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2) What are the requirements to become a Registered Trainee Appraiser?
  To become a Registered Trainee Appraiser in the state of Florida you must:
• Be at least 18 years of age
• Have high school diploma or GED
• Complete and pass the state approved 75 hour course (at least 15 hours covering USPAP)
• Submit application to the Division of Real Estate with the appropriate fee
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3) Is there a test?
  There is no state examination to become a Registered Trainee Appraiser. You only need to complete the 75 educational hours and pass the final exams associated the course. A state examination is required for licensed and certified appraisers.
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4) What is a State Registered Trainee Appraiser?
  A State Registered Trainee Appraiser is a person registered with the Department of Business and Professional Regulation (DBPR) and qualified to perform appraisal services under the direct supervision of a licensed or certified appraiser. A registered trainee appraiser may accept appraisal assignments only from her or his primary or secondary supervisory appraiser. A registered trainee real estate appraiser may only receive compensation through or from the primary supervisory appraiser.
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5) What is required to maintain a license?
  Mandatory Post Licensing is now required for Registered Trainee appraisers. If you wish to maintain your status as a Registered Trainee you must complete 45 classroom hours of Board approved Post Licensing courses plus the 3 hour Florida Appraisal Law Update course before the end of your second renewal period. Florida law requires that Post Licensing courses be completed in class, not online.

In addition all registered, licensed and certified appraisers must satisfactorily complete a minimum of 30 hours of appraiser continuing education approved by the Florida Real Estate Appraisal Board, without duplication of material, during each renewal period (which is two years). The 30 hours must include: (1) the 7-hour National Uniform Standards of Professional Appraiser Practice (USPAP); (2) at least 3 hours of review and update of the Florida Real Estate Appraisal License Law and Board Rules, including an introduction to other state and federal laws affecting real estate appraisals; and (3) a minimum of 20 "specialty" hours approved by the Florida Real Estate Appraisal Board, without duplication of material. These three topics complete the 30-hour continuing education requirement.
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6) Do continuing education classes need to be done in a classroom?
  CE classes can be done in the classroom and are also available through distance learning (online).
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7) Is a final exam necessary for continuing education?
  Final exams are only required for distance learning courses. A score of 80% or better is required for passing.
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8) What is the fee to apply for a license?
  The initial fee to apply for a license is $277.00. The two year renewal cost is $180.00.
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9) Can I be a Real Estate Agent, Appraiser and Home Inspector?
  Absolutely. Taking a real estate or home inspection course will only improve you as a Appraiser.
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